Madison Systems Inc. -- Stanmac Broadband Inc. Press Release
PR89530
TORONTO, May 17, 2021 /PRNewswire=KYODO JBN/--
Madison Systems Inc. (MADI-OTC NASDAQ) and Stanmac Broadband Inc. (SBI) update
our future role in the delivery of our proprietary and patented broadband
technology (6 to 8 years ahead of the industry) in partnership with an
associate company, Infinity Internet Solutions. The number of subscribers on
the East Prairie project has been increasing steadily, lives have changed
completely, they are ecstatic and the ISED (Innovation, Science and Economic
Development) of Canada is approving additional licenses to further expand our
reach to communities, currently lacking access to high-speed broadband.
During the Covid-19 pandemic, we have seen an unparalleled reliance on
high-speed internet. Students (for schooling), people (working from home),
every business has had to adapt and join the online marketplace, it's the way
of the future growth of businesses. Unfortunately, millions of people in Canada
and the USA do not have access to this basic essential service. In 2017,
Canadian census reported that 37 percent of rural households and 24 percent of
Indigenous households in Canada lacked high-speed broadband access. In the USA,
approximately 30 million Americans lack high-speed broadband. Demand is
extraordinary and through strategic partnerships, numerous spectrum licenses
and unparalleled patented technology, Madi/SBI is positioned to supply
affordable, reliable broadband and bridge the digital divide.
Our patented Connect Gen systems deliver broadband through the UHF spectrum
providing internet, TV, telephone, and security without interruption or
interference. Each Connect Gen system provides high-speed broadband with speeds
of 100 to 200Mbps and supplies subscribers in a radius up to 60km from our
tower without line-of-sight. Connect Gen systems are engineered, tested and
field proven utilizing DOCSIS 3 and Channel Bonding to provide unrivaled
capabilities, reaching rural/remote communities (of 20,000 plus homes &
businesses).
Madi/SBI has an aggressive expansion plan for Canada/USA for 2021 and 2022. Our
goal is to install up to 20 systems by the end of the year in rural and remote
communities in need; including Indigenous communities, small towns and remote
summer and winter homes. Rapid growth and implementation of our Connect Gen
systems is our goal, and with licenses allowing us to utilize existing tower
infrastructure, we are positioned to achieve these goals.
The Ontario and Federal Governments has recently released their 2021 budget
which included up to $6 billion in rural internet infrastructure funding.
Madi/SBI and Infinity Internet Solutions plan on expanding through it's ability
to supply high speed broadband service across northern Canada allowing remote
Canadians to access reliable internet. While the big telecom companies continue
to under-serve rural and remote areas across Canada and Northern US states,
Madi/SBI utilizing the new patented high-speed broadband technology are
dedicated to connecting these communities with affordable and dependable
broadband, encouraging cultural sustainability and essential community growth.
Future growth into the US market will be pursued as part of Madi/SBI mandate.
With nearly 30 million Americans without access and a $100 billion pledge by
the US Government to expand access to all Americans over the next 8 years, the
opportunity for expansion is endless, and Madi/SBI will pursue all
opportunities.
Don McNally
President/CEO,
Please catch up with us and read our first two press releases; Oct 2nd, 2018
and Apr 13th, 2021
This press release may include forward-looking information within the meaning
of OTC Markets Pink Guidelines, concerning the business and trading in the
common stock of Madison Systems Inc. (MADI-OTC NASDAQ) such information is
based on assumptions made by the company's management. Although the company
believes these assumptions are reasonable, undue reliance should not be placed
on the forward-looking information because the company can give no assurance
that they will prove correct. These forward-looking statements are made as of
the date of the press release and the company disclaims any obligation to
update publicly any forward-looking information, other than required by
applicable securities law.
The OTC Markets has not reviewed, approved, or disapproved the content of this
press release.
For further info call:
Don McNally
Pres/CEO
+1-289-500-3717 or e-mail;
madidon17@gmail.com brandon@madisonsystemsinc.com media,
torin@stanmacbroadbandinc.com investors relations
SOURCE: Madison Systems Inc.
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。